The U.S. in their arrogance believe China would NEVER take hostile action by selling off their vast hoard of U.S. treasury bonds. The argument is that China is in a deep pragmatic mode and not in idealogical mode and thus it is to their best pragmatic interest to keep going hand and hand with Japan and continuing ever to artificially(manipulative buying of Bonds) keep U.S. Treasury Bonds propped up. But is China now so pragmatic that they will remain so malleable that this financial WEAPON(it a major weapon) they have such that they would never use this weapon??? You have been following China closely, picking up any vibes to would indicate China would chuck this pragmatic propping of our treasuries and instead go to a hostile selling?????
China to work with Egypt to promote bilateral relations, says vice premier
Considering China’s great desire to control the major global shipping choke points, the growing alliance between Egypt and China cannot in my opinion be viewed as ordinary. The China/Egypt coalition is a means by which China may influence the Suez economic zone and to this end China will tenaciously guard its Suez investment. #msg-4024852
-Am
China to work with Egypt to promote bilateral relations, says vice premier
www.chinaview.cn 2004-11-22 02:33:04
CAIRO, Nov. 21 (Xinhuanet) -- China will work with Egypt to promote the development of bilateral strategic and cooperative relations, said Chinese Vice Premier Huang Ju at a meeting here Sunday with Egyptian President Muhammed Hosni Mubarak.
Huang said Egypt is an important cooperative partner of China among Arab and African countries, and bilateral relations, especially economic and trade cooperation, have witnessed positive progress with efforts from both sides under the direction in the new century mapped out by heads of the two countries.
Mubarak said Egypt and China boast sound political relations and there are vast potentials for bilateral economic and trade cooperation.
He said Egypt is building its Suez economic zone and it hopes to learn from China's experiences and strengthen cooperation with China.
He said the Egyptian government and he himself attach great importance to the strategic and cooperative relations with China, and are full of confidence in the prospects for bilateral ties.
In the talks here Sunday with Egyptian Prime Minister Ahmed Nazef, Huang made a four-point proposal for the further development of bilateral economic and trade cooperation.
The first is to enhance contacts between enterprises of the twosides and strengthen trade relations in their complementary fields.
The second is to expand bilateral cooperation in telecommunications, aviation and other high-tech areas, push forward energy cooperation, and encourage joint investment in other countries.
The third is to conduct better cooperation in the Suez economiczone and the Chinese side hopes that the Egyptian side will adjustits related policies to continue to create better conditions for bilateral cooperation.
The fourth is to continue expanding bilateral tourism cooperation.
Nazef held that Huang's proposal is pragmatic and he agreed with Huang.
Nazef said Egypt welcomes Chinese investment in the Suez economic zone in such areas as chemicals, textile and building materials, and hopes that both sides will strengthen cooperation in communications and pharmacy as well.
Egypt is the last leg of Huang's four-nation tour. He visited Luxembourg, Ireland and Turkey before arriving here Saturday evening. Enditem
Introduction of the Suez Economic Zone Investment Environment
2004-9-10 15:26:00
Excerpt: 2. Advantages of the zone Unusual location - A stronghold in the traffic line connecting Europe, Asia and Africa; the Suez Canal flow southwards into the Mediterranean Sea via the zone, linking the Red Sea to the Mediterranean Sea; - The zone exchanges goods with major Egyptian cities in the western and southern Nile valley; - With its ports, the zone becomes an idea base for Egypt-made goods enter into Europe, America, Asia and the rest of Africa. Hence a crucial strategic point.
(2) Convenient transport - Adjacent to the seaside highway; - Its ports make it an ideal base for selling Egypt-made goods to Europe, America, Asia and the rest of Africa; - Egypt’s largest cargo transport airport to be established here.
(4) Industrial development: the central area of the county’s petrochemical industry, as well as a newly emerged production base of building materials.
(5) Rich educated human resources - A permanent population of some 650,000 in the Suez town, the largest city in Egypt; - Several higher education institutions including Suez Canal University supports the annual demand for human resources; - Basically acceptable level of local education; - Highly available labor, but low average salaries: US$65-200.
JEDDAH, 28 November 2004 — China is teaming up with the United Arab Emirates investors to bolster its business presence in the Middle East. Sinosure, a Chinese government agency, has signed an investment cooperation agreement with Dubai International Capital (DIC), the recently formed Dubai-based investment company. The agreement covers a wide variety of activities that will assist the Chinese government in encouraging its top companies to expand and invest internationally — particularly in the Middle East region.
The agreement was signed by the executive vice president of Sinosure, Liang Zhidong and the chairman of Dubai International Capital, Mohammed Al-Gergawi.
The Chinese government, with one of the fastest growing economies in the world — over 9 percent annually for the past 20 years — is looking for global expansion opportunities. For the last several years the State Council has made it a priority for Chinese companies to go abroad and develop international markets. There are a number of Chinese companies that have expanded successfully internationally, and the Chinese government would like to continue this trend through the agreement with DIC.
Overall, Chinese exports in 2003 stood at $440 billion and have been growing by more than 20 percent annually for the past seven years.
Sinosure, established in 2001, already has insured Chinese transactions of more than $6 billion and continues to grow. International benchmarks, which indicate that traditional export credit companies can insure around 10 percent of a country's exports, suggest that Sinosure should be able to grow by over eightfold in the coming years.
Sinosure has been mandated by the Ministry of Finance and the State Council to actively seek to increase China's export potential through local and international expansion.
China is seeking to leverage Dubai's status as the business hub of the Middle East-North Africa Region (MENA) as well as India and the subcontinent.
As part of the agreement, DIC will have a first look at qualified Chinese companies seeking to expand internationally. As well, Sinosure will set up an office in Dubai to explore opportunities for Chinese companies interested in the region. DIC will have unprecedented access to top Chinese companies that are looking to expand globally. Sinosure and DIC also will explore setting up a dedicated fund for such opportunities in the near future.
Although, only 3 percent ($72 million) of China's overseas investment is dedicated to the Middle East region, Sinosure intends to increase this exponentially in the near future. Areas of particular interest include trade, natural resources and manufacturing.
Through cooperation with DIC, Sinosure will encourage its enterprises to invest and operate in the Middle East and other regions internationally in areas where Chinese enterprises can create sustainable and consistent value for both sides.
"We view this as the beginning of a long-term, multi-faceted relationship between Dubai and China" Al-Gergawi said. "This agreement is indicative of the vision of Sheikh Mohammed to make Dubai one of the leading cities in the world of business, trade, tourism and overall quality of life." "Dubai International Capital is excited about the opportunity to investigate prospective investments in China and in Chinese companies seeking to address the Middle East region and beyond," said Sameer Al-Ansari, CEO of DIC. "We will work closely with the Chinese government to ensure that all our interests are aligned in this endeavor. "Dubai International Capital has agreed to assist the Chinese government in these activities to bolster the relationship between the two regions as well as source attractive investment opportunities from which both can benefit," he said.
Russia to Cooperate With Egypt on Nuclear Projects Created: 29.11.2004 14:47 MSK (GMT +3), Updated: 15:13 MSK, 4 hours 7 minutes ago
Egypt also boasts “deep and solid" relations with China. #msg-4612280
MosNews
On Monday, Nov. 29, Russian Prime Minister Mikhail Fradkov signed a governmental resolution approving a draft agreement between Russia and Egypt on cooperation in the peaceful use of atomic energy. The news was reported by the Russian government’s press service and quoted by Interfax agency. Mikhail Fradkov is in Egypt on an official visit.
Russia and Egypt will cooperate in fundamental and applied research and development, design, construction, operation and modification of industrial and research nuclear reactors, desalters and accelerators.
Russia already cooperates closely with Iran on atomic energy projects. Russian specialists are building a nuclear power plant in the Iranian town of Bushehr. Russia has been strongly criticized for this cooperation by the United States which fears Iran will use the power station for the development of a nuclear bomb. To assuage fears Russian authorities have signed a bilateral agreement with Iran about the return of all spent nuclear fuel from Iran.
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